MAHARASHTRA SEAMLESS Share Price Up by 7%; BSE METAL Index Up 1.3%

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MAHARASHTRA SEAMLESS Share Price Up by 7%; BSE METAL Index Up 1.3%
Fri, 21 Aug 09:39 AM

MAHARASHTRA SEAMLESS share price has zoomed 7% and is presently trading at Rs 253.

Meanwhile, the BSE METAL Index is at 9,368 (up 1.3%).

Among the top Gainers in the BSE METAL Index today are MAHARASHTRA SEAMLESS (up 7.1%) and SAIL (up 5.6%).

Over the last one year, MAHARASHTRA SEAMLESS has moved down from Rs 401 to Rs 253, registering a loss of Rs 148 (down 37.0%).

On the other hand, the BSE METAL has moved up from 8,752 to 9,368, registering a gain of 616 points (up 6.9%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 126.5%), SAIL (up 27.5%) and JSW STEEL (up 27.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,580 (up 0.9%).

The top gainers among the BSE Sensex stocks today are POWER GRID (up 3.1%), SBI (up 2.8%) and HDFC BANK (up 2.0%). Other gainers include AXIS BANK (up 1.3%) and TATA STEEL (up 1.2%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 11,418 (up 0.9%). The top gainers in the NSE Nifty include POWER GRID (up 3.0%), SBI (up 2.6%) and HDFC BANK (up 2.1%). Other gainers include COAL INDIA (up 1.7%) and HINDALCO (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,328 to 38,580, registering a gain of 1,252 points (up 3.32%).

MAHARASHTRA SEAMLESS Financial Update...

MAHARASHTRA SEAMLESS net profit down at Rs 760 million for the quarter ended September 2019, compared to a loss of Rs 928 million a year ago. Net Sales declined 28.7% to Rs 5.6 billion during the period as against Rs 7.9 billion in July-September 2018.

For the year ended March 2018, MAHARASHTRA SEAMLESS reported 72.8% increase in net profit to Rs 2.0 billion compared to net profit of Rs 1.2 billion during FY17.

Revenue of the company grew 38.4% to Rs 22 billion during FY18.

The current Price to earnings ratio of MAHARASHTRA SEAMLESS, based on rolling 12 month earnings, stands at 7.0x.



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